Equifax Launches Mortgage Ultimate™ to Streamline Verification Processes
Equifax has announced the launch of its new solution, Mortgage Ultimate™, designed to streamline mortgage verification processes for lenders. The product integrates automated verifications from The Work Number® with Equifax's Network Verification Services (NVS), offering an industry-leading fulfillment rate of 95%. This one-stop workflow aims to reduce costs and improve efficiency in underwriting operations by providing predictable pricing and flexible ordering options. Mortgage Ultimate™ supports lenders throughout the loan process, from application through closing. It offers instant verification for 72% of requests via The Work Number and ensures that 90% are fulfilled within 48 hours after transitioning to NVS. Lenders can also request up to three additional verifications over a 90-day period at no extra cost if the initial order returns data. The solution is expected to be available in early 2027 and aims to address challenges such as fragmented verification vendors, high origination costs, and slow loan processing. Equifax highlights its secure manual verification process and zero-hit protection for lenders.
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